Four arbitration cases have been filed against Armenia, with total compensation claims amounting to $1.5 billion, according to Armenian media citing the government, Report informs.
The claims involve several companies and individuals, including:
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Walnort Finance Limited, a shareholder in the Zangezur Copper-Molybdenum Combine
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Amulsar Investor Ventures LLC, a shareholder in Lydian International
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Sanitek S.a.r.l., Sari Haddad, and Elias Doumet, former operators of waste management services in Yerevan
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Air Arabia, the airline and co-founder of FlyArna
The cases are currently being reviewed by international arbitration courts.